GREY:ROAOF - Post by User
Post by
MaxPowerJron Jun 13, 2007 6:16pm
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Oilexco''s Move to the FTSE
Oilexco''s Move to the FTSEI believe our move to the London Big Board will be significant.
We are currently on the AIM London Board. I was told me the target to move to the Big Board was July. Now, I’m not entirely sure what will happen, but my expectation is that once we’re on the Big Board, index funds and a broader range of mutual fund will have to buy us, as they are passive or index funds. I’m thinking of the massive FTSE market cap and this will surely create much stock demand
The FTSE has a market capitalization of 2 Trillion pounds, and comprises 11.58% of the World's Equity Market Capitalization. Oilexco will plop nicely into the FT250 index is doubly good. Just think of all the pension and mutual funds all over Europe (and the world) having to buy a piece of our Oilexco shares..... and it will of course be part of the "FTSE-Allshare" index
I can’t recall the exact figures when we were included in the TSX300, but I believe that created about 7-10 million demand of shares (keep in mind CC, was a big manipulator back then). Surely, by moving to the LSE, a significantly greater demand than 7-10 million shares will have to be purchased.
Fred Kozak” comments:
We believe that our estimates of valuation are
likely conservative, as Oilexco moves from the London AIM to the main board of the London Stock Exchange later this summer. This will result in further buying interest for the company and may also result in a potential expansion of the company’s trading cash
flow multiple."